The top five Indian billionaires led by Reliance Industries Chairman Mukesh Ambani collectively control $ 85.5 billion (about Rs 5,23,897 crore) in personal wealth, accounting for nearly half of the country’s total billionaire wealth, a new study said on Wednesday.
According to the analysis by wealth research firm Wealth-X of India’s richest individuals, Mukesh Ambani remains the richest man in the country with an estimated net worth of $ 24.4 billion (about Rs 1,49,474 crore).
Ambani is followed by steel tycoon lakshmi Mittal, drugmaker Sun Pharma’s Dilip Shanghvi, IT giant Wipro’s Azim Premji and Tata Sons’ shareholder Pallonji Shapoorji Mistry among the top-five wealthiest individuals from India. "The five billionaires collectively control $85.5 billion in personal wealth, accounting for 47.5 per cent of India’s total billionaire wealth," Wealth-X said.